ramkarpalsingh, why don't u share with us your confident level to win in the coming re-election?

RAPID project in Pengerang has been delayed again. I think some impact to Dialog.

http://klse.i3investor.com/blogs/amresearch/46909.jsp

we are already expected him leaving very soon, isn't it?

Did some background search on Glomac. The CEO was candidate for Selangor MB....surprised!! Again an UMNO crony company, so sad. http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=83641:glomac-ceo-fd-iskandar-on-sgor-bn-menteri-besar-list&Itemid=2

Hope this time the authority can investigate thoroughly, don't end up like no one need to be responsible as it happened "naturally".

Hi, might to ask as this stock is already de-listed and my friend still holding the stock. Now, is the Ambang Sejati will return money automatically to ex-share holder?

Good news for JCY.

Good luck!!

IHH: Now trading at over 45 times consensus earnings for the financialyear ending Dec 31, 2012. Its worth far ahead of Australia’sRamsay Healthcare Ltd, which operates in Australia,Europe and Indonesia.IHH’s listing saw private equity firm Abraaj Capital exiting itsinvestment in IHH. Given its high valuation, investors with longer termhorizons may need to wait for two or three more years before they start seeingreturns since IHH does not have a dividend policy as yet.



IHH would be included as a constituent of the benchmark index after itspublic listing rather than at the regular Dec semi annual review.

Apex Equityhas cashed out of its investment in an Australian property arm for rm54.84million. The share sale will boost its cash pile from rm107 million. Locally,all eyes are on Apex, as a faction against executive director Chan Guan Seng isexpected to convene an EGM to replace the entire board.

Something to share from my remiser's email:

"Maxis/Redtone: Developmentsat Redtone may indicate that its prospects are looking brighter. Redtone signeda network sharing and alliance agreement with Maxis Bhd’s wholly ownedsubsidiary Maxis Broadband Sdn Bhd. This partnership will allow both companiesto fast track their rollout of LTE/4G, which is slated for commercial launch in2013.

The company deputychairman and non independent non executive director Datuk Wira Syed Ali Abbashas been acquiring RedTone shares. He purchased 1.5 million shares on the openmarket in early July 2012. His total shareholding in Redtone now (July 2012)stands at 27.7%. When a major shareholder continues to buy into the company, itis usually seen as a positive development as it denotes an increase in commitment.No indication has been given as to whether he wants to take the company private eventually.

Datuk WIra Syed Ali is the head of the Cheras UMNO division.

Redtone has been loss making for the past four years as the companyshifts focus from voice to data. However, for third quarter, the company has already broken even, reporting a net profit of rm427000.

And now (July 2012)the partnership with MAXIS is expected to help improve REdtone’s bottomline. Each party will pay to use the other’snetwork and given that Maxis is currently the telco market leader, it allowsRedtone to gain from the telco’s large subscriber base.


At the moment, the agreement between Redtone and Maxis is for fiveyears. It will allow Redtone to see capex savings of rm390 million which itwould otherwise incurred over the next six years. For Redtone to comply withthe 50% rollout requirement, its capex would have been rm390 million. Howeverthis has been mostly replaced by riding and leasing the necessary capacity fromMAXIS.


Taking the capex off its shoulders will enable Redtone to concentrate onpackaging its products to compete in a market that is becoming increasingly competitivewith thinning margins for voice.


On Maxis’s sides, this collaboration will allow the telco toincrease its capacity, which it needs in order to deal with the boom in data."

This is from the email sent by my remiser on 16 July.

"Apex Equity: Abrewing shareholding tussle at Apex Equity may eventually lead to a hostiletakeover. It is learnt that insurance firm P&O is accumulating shares onthe open market. However it is not known if the shares are purchased fortrading purpose or to assist a substantial shareholders in the brewingshareholding battle. Speculation that a general offer is possibly on the cardsfollowing the failed bid by former executive Chan Guan Seng and former directorLew Lup Seong to seek re election to the board at the AGM late June 2012.However the board, which was then left with only two directors after the AGM,re appointed Chan executive director two days after the shareholders’meeting. Having flexed its muscles at the AGM, the faction against Chan isexpected to oust the entire board of the stockbroking firm. But if thathappens, it would mean triggering a MGO under BursaMalaysia’slisting rules.



Fun Sheung Development Ltd is the single largest shareholder of ApexEquity with a 14.96% stake. Chan, who has been at the helm of Apex for a longtime, owns direct and indirect stakes of 12.55%. The other major shareholdersof Apex include Datuk Azizian Abdul Rahman with a 3.86% stake and companiesaligned to Lim Siew Kim of Metroplex Bhd. Lim could possibly be a key figure inApex’s showdown. She is the daughter of Tan Sri Lim Goh Tong and thespouse of Dick Chan, the elder brother of Guan Seng. However Lim is said notaligned to Chan in his fight to keep control of Apex. Metroplex owns 6.3% stakein Apex Equity pledged to Arab Malaysian Credit Bhd. Apart from Metroplex, thereare other companies holding shares in Apex linked to Lim.



A block of 13.5 million of Apex shares changed hands at 0.92 each. The sharesare believed to be the block that Metroplex had pledged to Arab MalaysianCredit.



The beneficiary ofthe large block of shares is believed to be a friendly party related to Lim,considering the large discount to the market price. Sources said thefaction opposing Chan seems to be taking strategic moves to oust the board. Ifit is true that the 6.3% block is used as a launching pad to gain control ofthe company, a general offer, if it happens would be priced only at about 0.92."

Hi, i find this article quite interesting on how a Singaporean Blogger view on IHH IPO. I am quite agree with his points.

Other than the Felda IPO, another interest mega IPO to come from Malaysia is the IHH Healthcare Bhd IPO. One of the reasons it is particularly interesting is that it will have a dual listing in Singapore and Malaysia, while the primary markets include Singapore, Malaysia and Turkey.


There seems to be a lot of chatter about the many cornerstone investors lined up, including but not limited to EPF, PNB, Blackrock, Singapore GIC etc. So this must be a good deal right? Well, not really, the reason so many huge funds are involved is because of the deal size. The market capitalization of IHH will be approximately RM 23 billion based on RM 2.85 per share. One of the reasons why these funds like to go for large deals is because of their huge fund size and the ability for just one deal to take up a large proportion of their funds as opposed to investing 10 to 30 different companies to make up the same quantum. Being a Khazanah investment, we will definitely see support from other government institutions such as EPF, PNB, Tabung Haji etc regardless of the price.

Another important aspect is that these funds do not need income from their investments, they are mainly targeting capital growth. So for individual investors, this may not be that great an investment as they do not have a fixed dividend policy and has not given any hints about what kind of payouts they may adopt. With no dividend yield to work on, I wouldn’t bother investing.

Also looking at use of the proceeds, approximately 90% of the proceeds will be used for repayment of borrowings rather than business expansion. That’s not a very convincing IPO story. When you look at the pre IPO balance sheet, you will notice that their leverage is rather high at about 47% (Total Liability/Total Assets).

There also seems to be some confusion among various reports on IHH metrics. Looking at the 900 page long prospectus, it is easy to see where people got confused. There are 3 groups of financial statements in there -

1. Financials of IHH

2. Financials of Acibadem

3. Pro Forma Financials of IHH + Acibadem

The correct one to focus on should be 3. Pro Forma Financials as you are actually buying the combined entity. Unfortunately, rather than making it easy to read, the prospectus is often confusing and difficult to digest. That’s probably why research analysts get paid top dollars!

Share Price RM 2.85
Market Cap RM 22,958,753,425
Total Shares Out 8,055,702,956
Offering (27.74%) 2,234,652,000
2011 Earnings RM 245,655,000
2011 EPS (sen) RM 3.05
FYE 2011 P/E 93x
Q1 2012 Earnings RM 164,504,000
2012 Annualized EPS (sen) RM 8.17
FYE 2012 P/E 35x

Hope this chart makes more sense. As we can see, trailing P/E is 93x is very high, compared to Raffles Medical which is only trading at approximately 23x. Even if we look at forward P/E, it is very high at 35x, compared to Raffles Medical which is only about 21x. While there is more growth potential for IHH, with projected 3,300 new beds over the next 5 years, there are execution risks.


With such rich valuations, no clear dividend policy and sub optimal use of IPO proceeds, I doubt I will be investing in IHH now. In fact, healthcare stocks for some reason do not have attractive dividend yields, which explains why none of them are on my portfolio with the exception of healthcare REITs.

Source: www.investinpassiveincome.com

Hi, i just enquired from HLeBroking. Their rate to trade Singapore stock as follow. I also did some search on OCBC Securities and Standard Charted Bank Singapore. I find SCB really worth for a try .


A) HLeBroking
===========
Brokerage
----------
<SGD40K 0.35%
>SGD40K 0.25%
Minimum SGD30


Foreign Broker Fee
-------------------
SGX access fee: 0.0075%
Clearing Fees: 0.04%


M'sia Contract Stamp
---------------------
0.1%, Max RM200

* Based on my calculation, if i buy Singapore share with HLeBroking that worth SGD10,000. I need to pay SGD44.75 for the transaction.


B) OCBC Securities
================
Brokerage
--------------------
<SGD100K 0.275%
>SGD100K 0.2%
Minimum SGD25


Foreign Broker Fee
-------------------
SGX access fee: 0.0075%
Clearing Fees: 0.04%

*However, if i open an account with Singapore Broker (says OCBC Securities), my cost for SGD10,000 share is SGD29.75 where i save abt SGD15.


C) Standard Charted Bank Singapore (SCB)
======================================

Fee
----
0.2%, no minimum

I also found where Standard Charted Bank Singapore offers 0.2% and no minimum fee. For this, based on my calculation my cost for SGD10,000 share is SGD20.00. If i only trade less than SGD10,000, my cost will be lower because of no minimum fee. I think this suitable for those like to use dollar cost averaging method with petty amount.

The draw back is SCB is not a broker where the share that we bought will not be under individual CDP (Central Depository) acc, all share are traded and kept under SCB's nominee acc.

I think i will give is a try on SCB first.

Hi Bro Namoyaki Takarajima, i believe SGX is a more friendly stock trading environment for a retail trader like us. If i am not mistaken, they have a lot more retail trader in population percentage compared to malaysia.

If anyone have information, can share the retail trader statistic in Singapore?

By the way, just to share with you guys my watchlist on SGX stocks. Feel free to give your thought....

http://sgx.i3investor.com/servlets/pfs/980.jsp

Hi, do you mind to share more about which broker you use and what is the brokerage fee?

Halo...anyone trade in SGX before? As malaysian, what is the most cost effective and convenience way to trade SGX? Any local broker supports SGX share trading? Please advise.

I found it is more attractive to trade in SGX rather than Bursa Malaysia. Singapore is politically more stable and you know Malaysia election is around the corner and most of the time our market is easily "manipulated", really dare not to trade in Malaysia now.

this time our mr. kuan ying more well prepared, many bullets to shot out. haha....

their revenue stream is limited by the existing government e-services, better leave this stock. I think from the price movement already reflected this.

em... will the Euro cup effect still continue to boost the sales? Let's wait and see...

Seem like still have potential to move up further. I owned gamuda share few years ago when it is approaching RM5. I think this time is for real.

hai... now is a bit too high the price. I missed the boat, so envy!

alamak, why buy felda? "The average age of Felda's plantations is about 20 years" this is one of the oldest, how to have high yield? Again, another politic based stock.

i still remember last time when Proton launched Savy, they also show bit by bit. They should have learnt, hai...

What is the key investment area to be covered (Stock, Option, Forex, Property, etc)? For stock investment, it will cover KLSE or foreign market?

They have published info in FB as well. From the photo that they posted for some of the past events, the response seem quite good.

Too bad i am not the Government Servant, election is around the corner. hehe...

At first thinking to open trading account with ECM, but after reading these, i need to consider other broker now. Anyone tried CIMB Click? They offers 0.0388% and i am thinking to open account with them.